• Product Modification Summary: NYMEX Tanker Freight Contracts

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 12-305
      • Notice Date
      • 23 July 2012
      • Effective Date
      • 23 July 2012
    • Earlier today, July 23, 2012, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted the following tanker freight contracts:
       

      Contract
      Code
      Rule Chapter
      Freight Route TC1 (Platts) Swap Futures
      TG
      680
      Freight Route TC4 (Platts) BALMO Swap Futures
      V9
      309
      Freight Route TD10D (Baltic) Swap Futures
      TO
      688
      Freight Route TD9 (Baltic) Swap Futures
      TN
      687

       
      There was no open interest in these contracts.
      The respective rule chapters and terms and conditions contained in the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook were removed from the Exchange rulebook.
      NYMEX continues to list eight tanker freight swap futures and three tanker freight average price options. Details of these active products can be found at www.cmegroup.com.
       
       

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      For the full text of this advisory, please click here.